Pepsi News Updates

PepsiCo said it's prioritizing innovation and more effective marketing to improve business in North America.

The company is expected to increase the prices on grocery-store-sized bags of chips, including Doritos and Ruffles, which had been cut earlier this year.

PepsiCo said consumers pulled back in the second quarter as gas prices rose, slowing its efforts to revitalize its North American snack business.

In the coming weeks, the soda and snacks maker plans to hike prices by 10 cents to 20 cents on certain single-serve bags that are now retailing for $2.69.

Revenue jumped 8.5% to $19.44 billion in the January-March period compared to the same period a year ago, the Purchase, N.Y., company said April 16.

But now that a plan to bring prices down is in motion, new challenges have emerged that threaten to blunt its impact. 

FedEx Freight incoming CEO John Smith will deliver the opening keynote in Las Vegas on May 4, weeks before the unit spins off from FedEx on June 1.

PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose, but that has weakened demand, and consumers have cut back.

PepsiCo plans to review its North American supply chain as it wraps up negotiations with Elliott, according to sources. The company also warned workers of incoming “structural changes.”

PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings